Iowa Commerce's Insurance Division Dept.: Affordable Care Act Transitional Policies Extended Indefinitely
Iowa Insurance Commissioner
CMS announced on
"I appreciate federal authorities listening to
"These thousands of Iowans have renewed their transitional insurance plans that were originally purchased prior to 2014.
"Iowans should be assured that they have access to healthcare coverage that fits their needs and not be forced to purchase unaffordable coverage," Ommen said.
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To: All Health Insurers Writing Business in the
From:
RE: CMS allows extension for transitional policies indefinitely
The purpose of Bulletin 22-01 is to provide guidance regarding the extension of transitional policies in the
The Iowa Insurance Division ("IID") will enact the CMS guidance and will also allow transitional policies to remain in effect indefinitely. The IID appreciates federal authorities providing this state flexibility as they have done every year since 2014.
Transitional policies provide access to healthcare coverage that is likely otherwise unaffordable. Currently, 58,295 Iowans have transitional policies in the individual and group markets. Year after year, Iowans have had the opportunity to enroll in ACA plans but many choose to stay in transitional plans to avoid the very high ACA rates, especially those in the individual market.
The structural flaws within the text of federal law make ACA plans unappealing to many younger, healthier Iowans.
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